Browsing: RETIREMENT

Q. I resigned from the U.S. Postal Service and it is sending my return of retirement paperwork in the mail. When the Office of Personnel Management gets those forms, how long does it take to get the refund back? I opted for lump sum, direct deposit.

Q. I served four years as active Air Force and then joined the Air Guard. I finished with 20 years of service and can not apply for military retirement until I turn 60. After I left active duty I worked at the Veterans Administration hospital for seven years. Before I left, HR told me that if I bought my four years of active duty back and paid a fee, interest I believe they called it, I could receive a partial pension with 11 years when I turn 56. I’ve seen so many comments, some saying I can not collect both…

Q. I am 61 years old with 20 years of federal service. I am trying to figure out whether I retire now or closer to 62. My plan was to retire next year at the end of July, but I am interested in the supplement that is not granted until I am 62. I am not too happy at my job right now and am thinking about getting out a little earlier. What advice do you have?

Q. I am a FERS employee, eligible for early retirement due to 25 years on the job, but I am only 58 years old, so do not qualify for Social Security. Therefore, I am still working. Meanwhile, I would like to apply for Social Security Disability [SSDI]. If I am turned down, I understand I may qualify for FERS disability retirement. Also, would I still be eligible to get my Social Security benefits at age 62? Can I continue to work until I am approved for FERS disability?

Q. I have applied for medical retirement from civil service and am still awaiting for decision from the Office of Personnel Management. If I submitted a letter of resignation before my medical retirement is approved, will this affect my medical retirement approval process? In simpler terms, will this cancel out my medical retirement?

Q. I have 10 years with the Department of Veterans Affairs, and I paid my military deposit (14 years, nine months and 18 days), so my total time is 24 years and nine months. I’m leaving to return to school full time. If I come back after three to five years, I’ve been told I would be starting over, i.e., all that time is gone because of the break in service. Is that true?

Q. I served six years active duty with the Navy and 16 years with the Air Force Reserve. I bought back the six active years, as I am employed with the U.S. Postal Service. I retired from the Air Force Reserve back in 2011. How does the buy back help/hurt my military reserve retirement pay when I am 65?

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